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Jan 24, 2013
01/13
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for decades, raising the debt ceiling was something that congress has been willing to do. since the presidency of fdr, congress has to do. since fdr, congress voted to raise it literally dozens of times. the way we run the country, for generations, you may not like it. it is how we use the debt ceiling, we have raised it 89 times just between 1939 and 2010. the only time we haven't had to raise it in recent years was at the very end of the clinton administration when we started to run a budget surplus, remember that? but other than that, it happens as a matter of course. it is routine, but in 2010, the republicans decided they wouldn't do it anymore. and in the standoff, where they said they wouldn't do it again, even though it was done with presidents before them, they were not going to do it. the country could default on its debts, that was an economic disaster. check it out. this is job growth, month to month in the year 2011. during that time when it is weirdly suppressed, oh, yeah, it is the fight over the debt ceiling. so when you hear others say oh yeah, it shouldn'
for decades, raising the debt ceiling was something that congress has been willing to do. since the presidency of fdr, congress has to do. since fdr, congress voted to raise it literally dozens of times. the way we run the country, for generations, you may not like it. it is how we use the debt ceiling, we have raised it 89 times just between 1939 and 2010. the only time we haven't had to raise it in recent years was at the very end of the clinton administration when we started to run a budget...
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Jan 29, 2013
01/13
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MSNBC
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once again finds itself locking horns with republicans over the issue of raising the debt ceiling. the amount of money the nation is legally allowed to borrow. >> oh, yeah. when it comes to raising the debt ceiling, the president is having a hard time getting it up. >> brian williams does such a good job slow jamming. that's going to wrap things up for me today. i'm going to see you tomorrow, 11:00 a.m. eastern. joining us richard bloomen thaul and debbie wasserman schultz and david ciciline and mayor greg stanton of phoenix. you should have seen the way it was spelled in my prompter. you should have seen it, alex. you can't. you know? they try to make things easier for me, and then i just mess it up. now with alex wagner coming up next. don't go anywhere. yes she is, yes she is. [ bop ] [ male announcer ] could've had a v8. 100% vegetable juice, with three of your daily vegetable servings in every little bottle. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why s
once again finds itself locking horns with republicans over the issue of raising the debt ceiling. the amount of money the nation is legally allowed to borrow. >> oh, yeah. when it comes to raising the debt ceiling, the president is having a hard time getting it up. >> brian williams does such a good job slow jamming. that's going to wrap things up for me today. i'm going to see you tomorrow, 11:00 a.m. eastern. joining us richard bloomen thaul and debbie wasserman schultz and david...
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Jan 26, 2013
01/13
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KQED
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now, in order to get the votes to allow the debt ceiling to be raised three months, speaker boehner promised his members the opportunity to vote on a budget that would be balanced within ten years. you can't tell people between 55 and 65, don't listen to this anyway. cure not going to be affected by this. if you balance the budget in ten years. so they're their challenge in winning over americans to the vision of smaller government and practical way is getting tougher. gwen: when you see something like the senator from georgia who says today he's not going to run. he said nothing to do with the fact he split had tea party challenge coming up. but people like that, mitch mcconnell, senate minority leader, getting a little nervous. >> i think that is a real link between what john is talking about. in that the people who are in office have got to worry about the tea party and its demands for these really significant cuts. and then you have r.n.c. down in charlotte saying, let's not focus on those things anymore at an event, by the way, where no tea party person was invited. how can they balls t
now, in order to get the votes to allow the debt ceiling to be raised three months, speaker boehner promised his members the opportunity to vote on a budget that would be balanced within ten years. you can't tell people between 55 and 65, don't listen to this anyway. cure not going to be affected by this. if you balance the budget in ten years. so they're their challenge in winning over americans to the vision of smaller government and practical way is getting tougher. gwen: when you see...
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Jan 24, 2013
01/13
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WETA
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remember how they vowed they would only raise the debt ceiling by a dollar for every dollar cut in spending. now they said never mind. we'll push that down the road. the big fight will be on the sweeping spending cuts that go into effect march 1 and on the government funding that runs out on march 27. march is going to be the month to watch, and it's a month that could end in a government shutdown. >> ifill: is it the kind of fight the republicans want to have to redefine themselveses? >> i think they do. gwen, i think you have to know when to hold them and know when to fold them. yes, the republicans folded on this wise wisely. finally, i think they got some smart on this. you have to pick your fights. they need a breather now. they've been on the defense for a year on tax cuts for millionaires, on toughness, shutting down the government, they're not going to compromise. they need to recalbright here, a reset button needs to be pushed and it seems like in every aspect of government. and fight on future spending, not on obligations already incur. >> ifill: in the inaugural address this week
remember how they vowed they would only raise the debt ceiling by a dollar for every dollar cut in spending. now they said never mind. we'll push that down the road. the big fight will be on the sweeping spending cuts that go into effect march 1 and on the government funding that runs out on march 27. march is going to be the month to watch, and it's a month that could end in a government shutdown. >> ifill: is it the kind of fight the republicans want to have to redefine themselveses?...
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Jan 24, 2013
01/13
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for spending cuts for every dollar in debt ceiling raised. that is not what you got this time. and you have put the focus on senate democrats, a political tactic, perhaps a very successful one. but is that really a tactical retreat? >> i don't think so at all, chuck. and i was curious to hear steny's comments about this being a gimmick. 86 democrats supported the bill that we had on the floor yesterday, the no budget, no pay, so clearly they didn't think it was a gimmick. this was a bipartisan effort. look, if you look at the goal, we've got to get our fiscal house in order, we've got to balance the budget, and in order to do that, the senate actually has to produce a budget, which they haven't done in nearly four years. the house has had budgets for each of the last two years that actually get to balance. so what we did, in this bill, is to say to the senate, look, you've got to do a budget. families do budgets, businesses do budgets, employers do budgets. the senate has not done a budget in nearly four years, so this is the challenge for th
for spending cuts for every dollar in debt ceiling raised. that is not what you got this time. and you have put the focus on senate democrats, a political tactic, perhaps a very successful one. but is that really a tactical retreat? >> i don't think so at all, chuck. and i was curious to hear steny's comments about this being a gimmick. 86 democrats supported the bill that we had on the floor yesterday, the no budget, no pay, so clearly they didn't think it was a gimmick. this was a...
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Jan 24, 2013
01/13
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not going to keep raising the debt ceiling at indicating that there will be steep cuts said. what is the chance of that? >> well, i hope the is right, but i fear he is wrong. i think that the current mood of the country is more sympathetic to the president and the democrats' perspective, which is that we don't really have a serious spending problem. we have a minor spending problem we can do with a little bit. we can raise taxes on high-income households a little bit more and we don't have to make fundamental cuts in entitlements. i think that's wrong. i think we have to make substantial cuts in entitlements. we should make substantial cuts in many other components of expenditure as well, defense and nondefense in that trying to address our long term fiscal situation with higher taxes is is going to destroy the economy. gerri: democrats are beating the drum on this already. anyone you listen to from that side of the house is really talking about higher taxes. republicans and conservatives in general like to talk about the power of economic growth. could robust growth that a l
not going to keep raising the debt ceiling at indicating that there will be steep cuts said. what is the chance of that? >> well, i hope the is right, but i fear he is wrong. i think that the current mood of the country is more sympathetic to the president and the democrats' perspective, which is that we don't really have a serious spending problem. we have a minor spending problem we can do with a little bit. we can raise taxes on high-income households a little bit more and we don't...
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Jan 25, 2013
01/13
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i have said many times, i would oppose the budget control act which will raise the debt ceiling. in part, because the way the question provisions were written. they were unbalanced. 50% of our cuts come from the defense. it just cut everything by the same amount as opposed to give our military leaders the pentagon to cut from unsuccessful and outdated programs and put more money into the most successful and important programs. with that said, the only thing worse than the defense cuts and sequestration is no cuts at all. if we don't have the sequestration cuts at the top line revenue level went we will increase the debt ceiling with almost nothing to show for it. part of the reasons why the house republicans this week, extended the debt cerealing for three months to feel out paul ryan and his team to draft a budget that gets us balanced in 10 years but also protects the department of defense from further cuts because they have already been cut by $500 billion. >> do you get the idea, do you get the sense that americans are tired of world business. that doing some business here at
i have said many times, i would oppose the budget control act which will raise the debt ceiling. in part, because the way the question provisions were written. they were unbalanced. 50% of our cuts come from the defense. it just cut everything by the same amount as opposed to give our military leaders the pentagon to cut from unsuccessful and outdated programs and put more money into the most successful and important programs. with that said, the only thing worse than the defense cuts and...
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Jan 27, 2013
01/13
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KRCB
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the debt ceiling to may 18. how will this impact the presidency? >> what the house did is a sign of what is ahead of us. they have not gone over the defeat from november. they have no leverage. they disvered theyave e leverage and now have to wait to back down. this is a face-saving device to kick it down the road until may. the president is in a much stronger position in dealing with the republicans in the house. >> do you agree with that? >> i always respect colby's opinion, but the president, like any reelected president, essentially, absent a national event where he becomes a dramatic figure, watches his popularity be rationed out day- by-day. he is strong now. it is hard to believe that he will be as strong a year from now. what we are facing is not simply the debt ceiling. what we are facing is the sequestration, the automatic cuts of a trillion dollars over 10 years, which many republicans are seeing a willingness, expressing willingness to let set in at the end of march, and that will mean another fight
the debt ceiling to may 18. how will this impact the presidency? >> what the house did is a sign of what is ahead of us. they have not gone over the defeat from november. they have no leverage. they disvered theyave e leverage and now have to wait to back down. this is a face-saving device to kick it down the road until may. the president is in a much stronger position in dealing with the republicans in the house. >> do you agree with that? >> i always respect colby's opinion,...
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Jan 24, 2013
01/13
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FOXNEWSW
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. >>> the republican house the bill temporarily raises the debt ceiling until may. law americas won't get paid if they fail to pass a budget. >> american families have to do a budget. they understand you can't continue to spend money you don't have. we are committed to doing a budget on the house side that will balance over the neck ten years as time for the senate and president to show the american people how they are willing to balance a budget ore the next ten years. >> the democratic controlled senate is expect to do approve the debt bill. it has not pass add budget in four years. >> phil mickelson wasn't talking about his guolf game. he was teeing off over another apology about his tax comments. >> i have made some dumb, dumb mistakes and obviously talking about this stuff is one of them. my apology is for talking about it publicly. i shouldn't take advantage of the forum that i have as a professional golfer to try to ignite change. >> mickelson hinted earlier this week he may leave california or the united states because of how much he's paying in taxes. calif
. >>> the republican house the bill temporarily raises the debt ceiling until may. law americas won't get paid if they fail to pass a budget. >> american families have to do a budget. they understand you can't continue to spend money you don't have. we are committed to doing a budget on the house side that will balance over the neck ten years as time for the senate and president to show the american people how they are willing to balance a budget ore the next ten years. >>...
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Jan 26, 2013
01/13
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WETA
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eye 90
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also, they will raise the debt ceiling to may 18. how will this impact president? >> what the house did it is illustrative of what will be ahead of us. they have not gotten over the defeat from november 6. we are going to tie everything to the debt ceiling, this budget crisis. they have no leverage over the president. they discover they have no leverage. now they have to find a way to back down. this is their face-saving device to kick it down the road until may. you will see more of this. the president is in a much stronger position of dealing with the congress and house republicans. >> you agree with that? >> i always respect colby's opinion. but i dissent, the president, like any other, absent a national event where he becomes the dominant central dramatic figure, watches his popularity be rationed out day by day. he is strong now. it is hard to believe he will be as strong one year from now. i think what we are facing is not simply the debt ceiling. what we are facing is the sequestration, the automatic cuts of a trillion dollars over 10 years, which many repub
also, they will raise the debt ceiling to may 18. how will this impact president? >> what the house did it is illustrative of what will be ahead of us. they have not gotten over the defeat from november 6. we are going to tie everything to the debt ceiling, this budget crisis. they have no leverage over the president. they discover they have no leverage. now they have to find a way to back down. this is their face-saving device to kick it down the road until may. you will see more of...
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Jan 31, 2013
01/13
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. >> greta: if spending is not a problem, they then why raise the debt ceiling? >> the goal now of the whole conservative movement is push congress to put our country on a path to a balanced budget. president calls that radical. over ten-year period, if we don't stop spending we're going to bankrupt our country. >> greta: do you think washington has a spending problem or not? go to to greta wire.com. menendez denying allegations that he engaged with prostitutes after a raid in florida. latest next. also, and most unpopular part of obamacare. individual mandate. who is going to have to pay and how much. all that decided by bureaucrats. that controversy coming up. and which couple is back together? and what is set twitter on fire. the scenes coming up. c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the all-new 47 combined mpg c-max hybrid. using robotics and mobile technology, verizon innovators have made it possib
. >> greta: if spending is not a problem, they then why raise the debt ceiling? >> the goal now of the whole conservative movement is push congress to put our country on a path to a balanced budget. president calls that radical. over ten-year period, if we don't stop spending we're going to bankrupt our country. >> greta: do you think washington has a spending problem or not? go to to greta wire.com. menendez denying allegations that he engaged with prostitutes after a raid in...
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Feb 1, 2013
02/13
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. >> narrator: the new republicans in congress were threatening to vote against raising the debt ceiling. if congress didn't act by august 2, the federal government would be unable to pay its bills. >> in 2010, when all these republicans were running for congress, ma of em awed tea partiers and the rest of them riding the tea party wave, the subject of the impending debt ceiling came up frequently and virtually all of them campaigned saying... pledging not to raise the debt ceiling. >> narrator: early on, republican freshmen attended orientation sessions. republican strategist frank luntz ran one of them. >> and i asked the question, how many of you are going to vote for the debt ceiling? and only three or four of them raised their hands. and i said, if you vote for the debt ceiling, the people who put you in office are going to knock you out. >> if you vote for the debt ceiling, you're voting for your own death certificate, political death certificate. >> narrator: for his part, the president decided to try something new: personal politics. he figured he could connect to the republican
. >> narrator: the new republicans in congress were threatening to vote against raising the debt ceiling. if congress didn't act by august 2, the federal government would be unable to pay its bills. >> in 2010, when all these republicans were running for congress, ma of em awed tea partiers and the rest of them riding the tea party wave, the subject of the impending debt ceiling came up frequently and virtually all of them campaigned saying... pledging not to raise the debt ceiling....
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Jan 31, 2013
01/13
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FOXNEWS
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frankly, i don't know how you can say spending's not a problem, we don't need to raise the debt ceiling. >> you are right. if we have to borrow money to keep the lights on. the goal is to push the congress to put our country on a path to a balanced budget. the president calls that radical. but over a 10-year period, if we don't stop spending more than we are breaking in, we are going to bankrupt our country. >> nice to see you. >> do you think washington has a spending problem or not? tell us what you think, right now on gretawire.com. straight ahead, robert menendez denying allegations that he engaged with prostitutes after an fbi fleyed florida. the most unpopular part of obamacare, the individual mandate. we found out who is going to have to pay and how much, all decided by bureaucrats that we didn't elect. that controversy, coming up. plus, which celebrity couple is back together? and the reunion is setting twitter on fire. start guessing, the answer, coming up. [ male announcer ] how do you make america's favorite recipes? just begin with america's favorite soups. bring out chicken
frankly, i don't know how you can say spending's not a problem, we don't need to raise the debt ceiling. >> you are right. if we have to borrow money to keep the lights on. the goal is to push the congress to put our country on a path to a balanced budget. the president calls that radical. but over a 10-year period, if we don't stop spending more than we are breaking in, we are going to bankrupt our country. >> nice to see you. >> do you think washington has a spending problem...
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Jan 24, 2013
01/13
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FOXNEWS
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eye 47
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and house nearly three months to raise the debt ceiling. >> look, i understand why they want to move the initiative forward and i think there is some strategicty to the way they're doing it it and i believe the second part the of it it, congress shouldn't get paid unless a budget is passed. no one wants to miss a paycheck certainly, but i think it's a very valid point and i think that it's not unfair to say to the people if you're not going to do your job, you shouldn't get paid. >> greta: and we keep getting these, like goal posts and mile posts and three more months. >> absolutely. >> greta: six more months and another excuse-- >> in fairness, i think it's the house. if they believed they could pass a bill out of house that not only dealt with the debt limit, but with our debt problem and passed out of the senate and signed by the president they would do it in a heartbeat. that's not what they're facing. they want facing a president that wants unconditional limits and the senate hasn't passed a budget in days. i think they're trying to make the best of a bad situation. absolutely w
and house nearly three months to raise the debt ceiling. >> look, i understand why they want to move the initiative forward and i think there is some strategicty to the way they're doing it it and i believe the second part the of it it, congress shouldn't get paid unless a budget is passed. no one wants to miss a paycheck certainly, but i think it's a very valid point and i think that it's not unfair to say to the people if you're not going to do your job, you shouldn't get paid. >>...
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Jan 24, 2013
01/13
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MSNBCW
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ceiling raiseded, that will be raised for a year, maybe two. that's all we're going to get, and we'll be in the soup and having the same conversation. >> do you think that's true even if -- i mean, this is a pie in the sky scenario. what if the republicans lose the house in 2014? we are looking at the numbers as they do, they lost -- the notion that they could get a balanced budget plan in ten years is basically poppy cock, and would you have to cut discretionary spending in half in order to do that. >> frank is also right. democrats will have to come to the table too. you have to ultimately balance the budget. you can'tco what we're doing no matter what side of the aisle you're on, and so, you know, whether you think the democrats take the house or whether the republicans keep the house, ultimately something has to happen, and by the way, i do expect the democrats will come to the table with something because i think if they don't, i think that the general public is actually much more in the middle than after the election results ultimately su
ceiling raiseded, that will be raised for a year, maybe two. that's all we're going to get, and we'll be in the soup and having the same conversation. >> do you think that's true even if -- i mean, this is a pie in the sky scenario. what if the republicans lose the house in 2014? we are looking at the numbers as they do, they lost -- the notion that they could get a balanced budget plan in ten years is basically poppy cock, and would you have to cut discretionary spending in half in order...
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the senate today voted in favor of the house plan to raise the debt ceiling. no budget no pay. the bill requires the democratic controlled senate to pass a formal budget in exchange for the debt ceiling height. something it has not done in four years. if the senate is not successful members of congress, well, they will get paid. fox's chief political correspondent carl cameron has more. >> senators approve the already house passed a budget no paypall suspending the current debt ceiling of $16 trillion through mid may when the debts estimated to be four under and $50 billion more. the house and senate will have to pass budgets by mid april or member paychecks will be withheld. >> raising the possibility of the united states the faulting on its obligations every few months is not an ideal way to run government. but a short-term solution is better than another eminent manufactured crisis. lori: house republicans have passed budgets during the obama era and credit is salary threats of senate democrats who have not do so this year. republicans tried to pass amendments that would pri
the senate today voted in favor of the house plan to raise the debt ceiling. no budget no pay. the bill requires the democratic controlled senate to pass a formal budget in exchange for the debt ceiling height. something it has not done in four years. if the senate is not successful members of congress, well, they will get paid. fox's chief political correspondent carl cameron has more. >> senators approve the already house passed a budget no paypall suspending the current debt ceiling of...
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Jan 29, 2013
01/13
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CSPAN2
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eye 74
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we need to raise the debt ceiling and stop playing politics with this, but let the house of representatives get moving on the issues that affect everyday americans. that's all about jobs, that's all about this economic recovery. madam president, i suggest the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: mr. brown: madam president? the presiding officer: yes, the senator from ohio. mr. brown: i ask unanimous consent to dispense with the quorum. the presiding officer: without objection. for the senate, the letter of resignation of senator john f. kerry of massachusetts, effective friday, february 1, at 4:00 p.m. without objection, the letter is deemed read and spread upon the journal. mr. brown: madam president, i ask unanimous consent the judiciary committee be discharged from further consideration of s. res. 14 and the senate proceed to its consideration. the presiding officer: the clerk will report. the clerk: s. res. 14, raising awareness and encouraging prevention of stalking by designating january, 2013, as national stalking awareness month. the
we need to raise the debt ceiling and stop playing politics with this, but let the house of representatives get moving on the issues that affect everyday americans. that's all about jobs, that's all about this economic recovery. madam president, i suggest the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: mr. brown: madam president? the presiding officer: yes, the senator from ohio. mr. brown: i ask unanimous consent to dispense with the quorum. the...
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Jan 31, 2013
01/13
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CSPAN2
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ceil something not raised immediately -- debt ceil something not raised immediate lid upon the expiration of this period. that's what this amendment is about. my amendment is about minimizing the risk the disruption in any event that the debt ceil something not raised at the time that the time expires. what it does is instructs the treasury detect to prioritize three categories of payment. the presiding officer: time is expired. mr. toomey: let me ask for 30 seconds to simply saddam hussein that this amendment -- to simply explain that this amendment would authorize the treasury to rates debt ceiling as necessary to cover those three categories. i would urge my colleagues to support the amendment. thank you. mr. baucus: madam president? the presiding officer: the senator from montana. mr. baucus: madam president, i appreciate the intent of the senator from pennsylvania. when you stop and think about this amendment, it reminds us of the movie and the book "hunger games." in "hunger games" you'll recall that children were pitted against each other until one survived. there are three categor
ceil something not raised immediately -- debt ceil something not raised immediate lid upon the expiration of this period. that's what this amendment is about. my amendment is about minimizing the risk the disruption in any event that the debt ceil something not raised at the time that the time expires. what it does is instructs the treasury detect to prioritize three categories of payment. the presiding officer: time is expired. mr. toomey: let me ask for 30 seconds to simply saddam hussein...
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Jan 28, 2013
01/13
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CSPAN2
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eye 125
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and we're not going to just keep raising the debt ceiling. we're going to make a down payment on debt reduction, and we're going to point the country in the right direction, we're going to cut spending. [applause] you know, there will be times p when conservatives disagree on the way forward. we've never marched in lockstep. that's not what we do. a healthy debate is a good and needed thing. we can deliberate in private without fighting in public. all we should ask of each other is that we give an honest account of our actions and their reasons for them. we should challenge the left, not each other. and if we take the prudent course, you know what? we'll be in really good company. our founders were men of prudence. take james madison. nowadays we call him the founder, the father of the constitution. but at the constitutional convention, he lost some key arguments. you know, he fought the plan to give each state the same number of seats in the senate. he thought it was deeply unjust. and at first he wants -- he wanted congress to be able to ve
and we're not going to just keep raising the debt ceiling. we're going to make a down payment on debt reduction, and we're going to point the country in the right direction, we're going to cut spending. [applause] you know, there will be times p when conservatives disagree on the way forward. we've never marched in lockstep. that's not what we do. a healthy debate is a good and needed thing. we can deliberate in private without fighting in public. all we should ask of each other is that we give...
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Jan 24, 2013
01/13
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CNN
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the debt ceiling ultimately unless they get severe spending cuts and the obama administration is not going to give it to them. and you are going to watch the u.s. do crazy, crazy things this year. >> if you are right on those crazy, crazy things, then the rest of us are in for a dreadful, dread full time? >> dreadful. it is going to be so strange for the richest country on earth to cross their arms and say i'm not paying. imagine crossing your arms. you are going to see it this year. >> reporter: now, we have been asking our guests here for the riskometer. on this side we have is the u.s. a bigger threat to global growth in 2013. on this side the e.u. lutnic thinks the u.s. is by far the bigger. as you look overall most people still seem to believe europe is the biggest threat in 2013. by the way, speet tweet me wher think the biggest threat is. >> very official looking. did you make that yourself? >> don't you mock it? it works and it is doing a good job. >> we will have people tweet you and see what they feel about all of this but a lot of power players weighing in on whether or no
the debt ceiling ultimately unless they get severe spending cuts and the obama administration is not going to give it to them. and you are going to watch the u.s. do crazy, crazy things this year. >> if you are right on those crazy, crazy things, then the rest of us are in for a dreadful, dread full time? >> dreadful. it is going to be so strange for the richest country on earth to cross their arms and say i'm not paying. imagine crossing your arms. you are going to see it this...
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Jan 29, 2013
01/13
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MSNBC
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come up until august if the senate passes the debt ceiling bill this week. but republicans increasingly believe that the $1.2 trillion in automatic spending cuts in the sequester are going to happen come march 1st. >> we think these sequesters will happen, because the democrats have opposed our efforts to replace those cuts with others and they've offered no alternatives. >> house speaker john boehner recently told "the wall street journal" that the sequester, quote, is as much leverage as we're going to get. but does the gop actually stand to lose more than it gains? i'm joined by "washington post" columnist, and msnbc policy analyst, ezra klein, who has written about this. good morning, ezra. >> good morning. >> in one of your columns, you wrote that republicans are wrong to think that the sequester gives them leverage. what's your reasoning? >> it's just become a somewhat bizarre conversation. look, you have to go back. the sequester, it's a very weird, kind of boring word. it comes out of the debt ceiling deal in 2011 and it was the backup to the superco
come up until august if the senate passes the debt ceiling bill this week. but republicans increasingly believe that the $1.2 trillion in automatic spending cuts in the sequester are going to happen come march 1st. >> we think these sequesters will happen, because the democrats have opposed our efforts to replace those cuts with others and they've offered no alternatives. >> house speaker john boehner recently told "the wall street journal" that the sequester, quote, is as...
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Jan 25, 2013
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the debt ceiling. melissa: yeah. >> for lack of planning, they get a low-grade on that one. melissa: you give them a d. >> yeah. melissa: what do you think he will do next? if it were me after six-month vacation in the bahamas then i would start thinking what i want to do. >> i think he might need more than six months in the bahamas. melissa: it has been a tough run. >> it is interesting. he did an interview with "politico" today and ruled out taking the top job at the fed. i thought he was potentially janet yellen's biggest competition for that job because obama clearly feels very loyal to the guy. so --. melissa: interesting. >> if geithner wanted to be fed chief i would think he would have a chance at it. the fact he said he is not in the running for that, who knows he could change his mind. i think that makes it likely janet yellen, the vice-chair woman of the fed, could get that job when bernanke leaves in january 2014. where that puts bernanke, where that puts geithner, maybe he will make a turn
the debt ceiling. melissa: yeah. >> for lack of planning, they get a low-grade on that one. melissa: you give them a d. >> yeah. melissa: what do you think he will do next? if it were me after six-month vacation in the bahamas then i would start thinking what i want to do. >> i think he might need more than six months in the bahamas. melissa: it has been a tough run. >> it is interesting. he did an interview with "politico" today and ruled out taking the top...
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Feb 1, 2013
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. >> why did lawmakers decide it was best to delay having to debate raising the debt ceiling? >> well, it was a decision by house republican leaders a few weeks ago. they tried in 2011 to use the debt limit as a lynch -- leverage point to force obama to swallow spending u cuts. it worked but -- [inaudible] to something like 9%. and they recognize that it was a bad idea. i mean, gambling with the credit of the united it turned out is a bad idea. we were downgraded for the first time in nation's history. they department want to do that again. like i said, i didn't want to vote for a bigger national debt either. that doesn't fit with their philosophy. they came up with the strategy of saying we're going us is fend. and in the meantime, they want the senate to pass a budget for 2014 and the law salses that -- says that if either chamber fails to adopt a budget by april 15, the paychecks will be docked. the idea of the thing is to postpone the sort of economy raddling default situation until they can prosecute the continuing fight over taxes and spending to a point where, you know,
. >> why did lawmakers decide it was best to delay having to debate raising the debt ceiling? >> well, it was a decision by house republican leaders a few weeks ago. they tried in 2011 to use the debt limit as a lynch -- leverage point to force obama to swallow spending u cuts. it worked but -- [inaudible] to something like 9%. and they recognize that it was a bad idea. i mean, gambling with the credit of the united it turned out is a bad idea. we were downgraded for the first time...
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Jan 26, 2013
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we are not going to just keep raising the debt ceiling, we are going to make a down payment on debt reduction and we are going to putt -- we are going to point the country in the right direction. we are going to cut spending. [applause] there will be times when conservatives disagree on the way forward. we never marched in lockstep. we can deliver it in private. all we should ask for each other is that we give an honest account of our actions and the reasons for them. we should challenge the left, not each other. if we take a prudent course we will be in very good company. take james madison. nowadays we call him the founder and the father of the constitution. but at the constitutional convention he lost key arguments. he fought to give each state the same number of seats in the senate. he wanted to give congress more power. he wanted them to be able to be tough state laws. in both cases, he argued vigorously for his side. in both sets -- in both cases he lost. when it came to ratify the when it came time to ratify the constitution, there was no better person than james madison. he led the ch
we are not going to just keep raising the debt ceiling, we are going to make a down payment on debt reduction and we are going to putt -- we are going to point the country in the right direction. we are going to cut spending. [applause] there will be times when conservatives disagree on the way forward. we never marched in lockstep. we can deliver it in private. all we should ask for each other is that we give an honest account of our actions and the reasons for them. we should challenge the...